DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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Former SEC-registered adviser

K••• I••••••••• A•••••••

Former SEC-registered adviserBloomington, MinnesotaCRD 107010SEC 801-36574IAPD
Legal name K••• I••••••••• A•••••••• L••
Latest filing Mar 8, 2019
First filing on the tape Mar 9, 2012 · 13 filings
RAUM
$117M
reported, Item 5.F
Discretionary
96%
of RAUM
Private clients
90%
$106M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
13 filings and snapshots on the tape
RAUM$117M as of Mar 8, 2019
Mar 9, 2012$284M then
HNW client RAUM$57.2M as of Mar 8, 2019
Feb 2, 2018$56.0M then
State-registered IARs (5.B.3)2 as of Mar 8, 2019
Mar 25, 20131 then
Employees (5.A)5 as of Mar 8, 2019
Mar 25, 201311 then
Private funds: no history
RAUM +3.0% over the last fiscal year-20% a year over threeIARs 3 to 2
Practice profile
derived from the filing of Mar 8, 2019; every figure names its basis
RAUM per advisor
$58.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
79derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.0MderivedHNW RAUM over HNW clients
Average account
$671,182derivedRAUM over accounts (5.F.2.f)
Discretionary
96%derivedof RAUM
Institutional
9.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+3.0%derivedbetween the last two annual amendments
Advisor growth, one year
-33%derivedItem 5.B.3 between annual amendments
Client growth, one year
-6.0%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$57.2M49%
  • Individuals$48.5M41%
  • Charitable organizations$5.8M4.9%
  • Pension and profit-sharing plans$5.1M4.3%
  • Corporations and businesses$856,4880.7%
Individual clients
129reported
HNW clients
28reported
Pension plan clients
9reported
Charitable clients
8reported
Accounts
175reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $9.2M managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • F•••••• J•••• P••• · Coo 2/07, Cfo 9/03, Chief Compliance Officer 3/07control
      since 09/2003 · owns less than 5%
    • K•••• L••••• C••••••• · Chairman And Sole Governorcontrol
      since 02/2007 · owns less than 5%
    • K•••• L••••• C••••••• · Trusteecontrol
      since 10/2013 · owns F of L•••• C• K••• R•••••••• B••••••• T••••
    Entity owners
    • K••• H•••••• C••••••• L•• · Sole Member
      direct · owns 75% or more
    • L•••• C• K••• R•••••••• B••••••• T•••• · Sole Member
      indirect · owns 75% or more of K••• H•••••• C••••••• L••
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 186 to 175
      May 3, 2018 to Mar 8, 2019
    • Advisory employees · 2 to 1
      May 3, 2018 to Mar 8, 2019
    • Individual clients · 139 to 129
      May 3, 2018 to Mar 8, 2019
    • Discretionary RAUM · $114M to $112M
      May 3, 2018 to Mar 8, 2019
    • HNW RAUM · $56.0M to $57.2M
      May 3, 2018 to Mar 8, 2019
    • Individual RAUM · $46.5M to $48.5M
      May 3, 2018 to Mar 8, 2019
    • Non-discretionary RAUM · $0 to $5.1M
      May 3, 2018 to Mar 8, 2019
    • Pension RAUM · $5.1M to $5.1M
      May 3, 2018 to Mar 8, 2019
    • RAUM · $114M to $117M
      May 3, 2018 to Mar 8, 2019
    • Wrap assets (manager) · $8.0M to $9.2M
      May 3, 2018 to Mar 8, 2019
    • Advisory employees · 3 to 2
      Feb 2, 2018 to May 3, 2018
    • Employees · 6 to 5
      Feb 2, 2018 to May 3, 2018
    • State-registered IARs · 3 to 2
      Feb 2, 2018 to May 3, 2018
    • Accounts · 194 to 186
      Mar 9, 2017 to Feb 2, 2018
    • Advisory activities · 2 to 3
      Mar 9, 2017 to Feb 2, 2018
    • Charity clients · unset to 8.0
      Mar 9, 2017 to Feb 2, 2018
    • HNW clients · unset to 28.0
      Mar 9, 2017 to Feb 2, 2018
    • Individual clients · unset to 139.0
      Mar 9, 2017 to Feb 2, 2018
    • Pension plan clients · unset to 9.0
      Mar 9, 2017 to Feb 2, 2018
    • Other offices · unset to 0.0
      Mar 9, 2017 to Feb 2, 2018
    • Discretionary RAUM · $115M to $114M
      Mar 9, 2017 to Feb 2, 2018
    • HNW RAUM · unset to 55999382.0
      Mar 9, 2017 to Feb 2, 2018
    • Individual RAUM · unset to 46451741.0
      Mar 9, 2017 to Feb 2, 2018
    • Pension RAUM · unset to 5110804.0
      Mar 9, 2017 to Feb 2, 2018
    • RAUM · $115M to $114M
      Mar 9, 2017 to Feb 2, 2018
    • Wrap assets (manager) · unset to 7970473.0
      Mar 9, 2017 to Feb 2, 2018
    • Wrap assets (sponsor) · unset to 0.0
      Mar 9, 2017 to Feb 2, 2018
    • Accounts · 201 to 194
      Oct 10, 2016 to Mar 9, 2017
    • Advisory employees · 4 to 3
      Oct 10, 2016 to Mar 9, 2017
    • Employees · 8 to 6
      Oct 10, 2016 to Mar 9, 2017
    • Discretionary RAUM · $121M to $115M
      Oct 10, 2016 to Mar 9, 2017
    • RAUM · $121M to $115M
      Oct 10, 2016 to Mar 9, 2017
    • Accounts · 276 to 201
      Mar 10, 2016 to Oct 10, 2016
    • Discretionary RAUM · $230M to $121M
      Mar 10, 2016 to Oct 10, 2016
    • RAUM · $230M to $121M
      Mar 10, 2016 to Oct 10, 2016
    • Accounts · 271 to 276
      Mar 23, 2015 to Mar 10, 2016
    • Advisory employees · 5 to 4
      Mar 23, 2015 to Mar 10, 2016
    • Employees · 9 to 8
      Mar 23, 2015 to Mar 10, 2016
    • State-registered IARs · 4 to 3
      Mar 23, 2015 to Mar 10, 2016
    • Discretionary RAUM · $226M to $230M
      Mar 23, 2015 to Mar 10, 2016
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026